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Take me to the text In an effort to increase business in 2016, Nir-Van-A (a company that provides van rentals) decided to discount its
Take me to the text In an effort to increase business in 2016, Nir-Van-A (a company that provides van rentals) decided to discount its prices. Following is financial information from 2015 and 2016. Note that minimum wage for service workers has increased in 2016. Calculate the labour cost margin for each year. Do not enter dollar signs or commas in the input box. Round your answers to 2 decimal places. Item Revenue Payroll and Related Expenses Labour Cost Margin 2016 2015 $1,008,000 $951,000 $747,000 $690,000 % %
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